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Showing posts with label Working Overseas. Show all posts

Tuesday, October 02, 2018

How Can OFWs Encourage Their Spouse To Save

More often, families with overseas Filipino workers (OFW) rely on their OFW breadwinner in providing their needs and without doing any efforts to have extra income. They use the money they receive to pay their bills, rents, mortgages, etc. They tend to spend the remittances they receive and wait for the next remittance when the money is over without any savings. This is the reason why no matter how long the OFWs exhaust themselves working overseas, they are still coming home broke and without any savings.
Encouraging our spouse or anyone who is responsible for the remittances you send to save could be a great help and could guarantee a hassle-free retirement, much more if they placed this savings to a profitable investment.

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More often, families with overseas Filipino workers (OFW) rely on their OFW breadwinner in providing their needs and without doing any efforts to have extra income. They use the money they receive to pay their bills, rents, mortgages, etc. They tend to spend the remittances they receive and wait for the next remittance when the money is over without any savings. This is the reason why no matter how long the OFWs exhaust themselves working overseas, they are still coming home broke and without any savings. Encouraging our spouse or anyone who is responsible for the remittances you send to save could be a great help and could guarantee a hassle-free retirement, much more if they placed this savings to a profitable investment. Ads Sponsored Links Stick to a budget schedule Convince your spouse to make a monthly budget and commit to saving a portion of the monthly remittance. They could also spend the remaining part of the budget after setting aside the savings. No matter how small the savings, it could mean a lot after a period of time you regularly do it. Use the credit card wisely or do not use it at all Credit cards could be an advantage when purchasing but it can also lure the holder to spend more. Whenever possible, avoid using credit cards and use cash instead. It would save you from paying extra charges and interests which can really raise your spending. The best rule should be, do not spend the money you do not have. Always make a list of important things to buy Many OFW spouses tend to go on a shopping spree just after receiving the remittance and let their impulses lead in which items they like to buy at the very moment without putting their priorities on the things they really needed. Encourage them to develop a habit and discipline of making a list of the things they need to prioritize during shopping and strictly follow what is on the list to avoid spending too much on the things that are not really important. Live a lifestyle that suits your income Many OFW spouses live like one day millionaire. after claiming the remittances you sent, they will go straight to the mall, eat at the fast-food chain of their choice, go on a shopping spree buying what they want without even thinking if they still have the money to go through the month until the next remittance. If their budget got short, they would borrow money from someone which would cause the next budget to bear the shortage and the cycle goes on. There's nothing wrong with being generous but not too much Advise your spouse to exercise caution when giving help to extended families, relatives or friends. There is nothing wrong with extending help but there has to be a limitation. This would avoid them to become dependent on your assistance that they would knock your everytime they need financial help. Working overseas is not forever and you will eventually come home for good. It is you and your spouse who need to work hand-in-hand to succeed. Together you must find ways to take care of your finances and save for the future of your family. Filed under the category of overseas Filipino workers, extra income, bills, rents, mortgages, remittances, working overseas, retirement, investment, savings

Stick to a budget schedule
Convince your spouse to make a monthly budget and commit to saving a portion of the monthly remittance. They could also spend the remaining part of the budget after setting aside the savings.
No matter how small the savings, it could mean a lot after a period of time you regularly do it.

Use the credit card wisely or do not use it at all
Credit cards could be an advantage when purchasing but it can also lure the holder to spend more. Whenever possible, avoid using credit cards and use cash instead. It would save you from paying extra charges and interests which can really raise your spending.

The best rule should be, do not spend the money you do not have.

Always make a list of important things to buy

Many OFW spouses tend to go on a shopping spree just after receiving the remittance and let their impulses lead in which items they like to buy at the very moment without putting their priorities on the things they really needed.

Encourage them to develop a habit and discipline of making a list of the things they need to prioritize during shopping and strictly follow what is on the list to avoid spending too much on the things that are not really important.

Live a lifestyle that suits your income

Many OFW spouses live like one day millionaire. after claiming the remittances you sent, they will go straight to the mall, eat at the fast-food chain of their choice, go on a shopping spree buying what they want without even thinking if they still have the money to go through the month until the next remittance. If their budget got short, they would borrow money from someone which would cause the next budget to bear the shortage and the cycle goes on.

There's nothing wrong with being generous but not too much

Advise your spouse to exercise caution when giving help to extended families, relatives or friends. There is nothing wrong with extending help but there has to be a limitation. This would avoid them to become dependent on your assistance that they would knock your everytime they need financial help.

Working overseas is not forever and you will eventually come home for good. It is you and your spouse who need to work hand-in-hand to succeed. Together you must find ways to take care of your finances and save for the future of your family.

Filed under the category of overseas Filipino workers, extra income, bills, rents, mortgages, remittances, working overseas, retirement, investment, savings

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Friday, September 28, 2018

What Is Incest And How To Prevent It From Happening

Overseas Filipino workers (OFW) are willing to sacrifice everything just to give their family the best possible life they can give to their family.
They are called modern day heroes as an appreciation for their contribution to the country's economy but there are collateral damages inflicted on them by their overseas job. Broken parent-to-children relationships, broken marriages, children being exposed to drug abuse and teenage pregnancy, and worse, family involved in incest because the other partner is busy working overseas.

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In a report by Emil Sumangil on GMA News, "Caloy", real name withheld, the father of the victim, is doing sexual molestation on his daughter while his wife is not home. The wife is working outside the country as an OFW.

According to Police Chief Inspector Rhoderick Juan of Valenzuela Police, the suspect is doing it since his daughter was only 7 years old until his OFW wife recently discovered what he has been doing to his own daughter.

Caloy is now facing statutory rape charges in relation to child abuse.

The suspect is in deep remorse for what he did asking for forgiveness to his wife and daughter.

Overseas Filipino workers (OFW) are willing to sacrifice everything just to give their family the best possible life they can give to their family. They are called modern day heroes as an appreciation for their contribution to the country's economy but there are collateral damages inflicted on them by their overseas job. Broken parent-to-children relationships, broken marriages, children being exposed to drug abuse and teenage pregnancy, and worse, family involved in incest because the other partner is busy working overseas. Ads Sponsored Links In a report by Emil Sumangil on GMA News, "Caloy", real name withheld, the father of the victim, is doing sexual molestation on his daughter while his wife is not home. The wife is working outside the country as an OFW. According to Police Chief Inspector Rhoderick Juan of Valenzuela Police, the suspect is doing it since his daughter was only 7 years old until his OFW wife discovered what he has been doing to his own daughter. Caloy is now facing statutory rape charges in relation to child abuse. The suspect is in deep remorse for what he did asking for forgiveness to his wife and daughter. Chief Inspector Rhoderick Juan warned the public to be vigilant and observant to people's behavior even if they are a member of the family or living in the same roof. We can be affectionate to our kids but w must know that there are limitations. Filed under the category of Overseas Filipino workers, modern day heroes, economy, working overseas, overseas job, incest, drug abuse

Chief Inspector Rhoderick Juan warned the public to be vigilant and observant to people's behavior even if they are a member of the family or living in the same roof.

We can be affectionate to our kids but w must know that there are limitations.

Filed under the category of Overseas Filipino workers, modern day heroes, economy, working overseas, overseas job, incest, drug abuse

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Incest, by definition, is sexual activity between family members or close relatives. This typically includes sexual activity between people in a consanguineous relationship (blood relations), and sometimes those related by affinity, stepfamily, those related by adoption or marriage, or members of the same clan or lineage.

While it can be very difficult for a family member to know if incest is occurring in the household, there are certain warning signs, said Keith Fadelici, licensed clinical social worker and the assistant director of Victims Assistance Services.

“There are no definite signs and anything on the list as an indicator is always potentially explainable in another way,” he explained. “But some of the noteworthy signs are that a child will either avoid or be very attached to that parent, that the child may act more sexual, and that a child may have either extreme fearlessness or fearfulness.”

Often, he said, young victims will respond to incest with self-injurious behavior such as drug abuse, cutting themselves or acquiring an eating disorder. These are ways that kids try to adapt to what’s happening to them, Fadelici said. Incest victims are in deep emotional pain because it is an authority figure in their life, upon whom they depend, who is victimizing them, he explained.

Incest is more likely to occur in a family where at least one parent is a stepparent, said Alan Davis, head of the National Council on Child Abuse and Family Violence, and it shows up far more often in homes where both parents are not the natural parents.

Incest marks its victims with traumatic and long-lasting effects, Davis said.

“They grow up not trusting, and it can be pretty devastating,” he explained. “And if the incest becomes a criminal matter, then it can be even more traumatic as the child must be interviewed by nonfamily members.”

Children younger than age 3 when they were victimized are less likely to suffer long-term effects, Davis said. In all cases, counseling and therapy should be provided.

“It’s possible to recover,” Davis said, “if you get help.”

If a parent is at all suspicious that incest is going on, it’s important to discuss concerns with the other parent.

“In homes where there is incest, there are usually a lot of secrets and a tendency to push one parent out of the picture,” Fadelici said. “We always advise people to pay attention to their gut feeling and to honor those feelings. As parents, give each other feedback and communicate openly. If there is anything that makes you uncomfortable about the other parent’s behavior, you should discuss it.”

Department of Social Welfare and Development (DSWD) Officer-in-Charge Emmanuel A. Leyco also expressed alarm over a recent report regarding high numbers of children in Zamboanga becoming pregnant as a result of incest and rape.

A report that came out in the Philippine Daily Inquirer by Julie Alipala titled “Zamboanga phenomenon: 10-yr-olds giving birth” cited alarming statistics from the local health office in the city: 3,249 teenagers gave birth in Zamboanga in 2017 (52 girls gave birth at ages 10-13; 552 at ages 14-16 and 2,645 at ages 17-19). Local health sources also said that there were 410 mothers with ages 10-14 in 2016, while 558 were aged between 15 and 16. Those who gave birth at ages 17-19 numbered 2,118.

The Inquirer report also stated that in 2017 alone, there was 126 sexually abused children in Zamboanga City. It was determined how many of these figures were victims of incest as authorities chose to categorize the cases as rape.

The Population Commission has also reported that in the Zamboanga Peninsula, five girls aged 10-14 give birth each day.Read More:

As a move to urge Filipinos and foreign businessmen to engage in doing business in the country, President Rodrigo Duterte signed the Ease of Doing Business and Efficient Government Service Delivery Act into law in May 2018. This new law sets a deadline for the government to quickly act on business applications, about three to five days for simple processes and seven to 10 days for complex ones. Even before the effectivity of this new law, the government had already been doing its part to make business registration for prospective entrepreneurs easier by making some application processes online. As a move to urge Filipinos and foreign businessmen to engage in doing business in the country, President Rodrigo Duterte signed the Ease of Doing Business and Efficient Government Service Delivery Act into law in May 2018. This new law sets a deadline for the government to quickly act on business applications, about three to five days for simple processes and seven to 10 days for complex ones. Even before the effectivity of this new law, the government had already been doing its part to make business registration for prospective entrepreneurs easier by making some application processes online. Ads Sponsored Links The Department of Trade and Industry (DTI)â€™s business name registration for single proprietors is among the first processes to become digitized. The Philippine Business Registry (PBR), DTIâ€™s business name registration system, has been made more accessible for single business owners since 2012. A prospective entrepreneur is not anymore required to visit DTI offices to secure a Certificate of Business Registration. With the PBR website, the certificate can even be printed in the comfort of their own home. Here are the steps you have to take to secure that certificate. Check the availability of a business name Before starting the registration process, it helps to check if the business name you have in mind is still available to use. At the PBR, one can easily type in the prospective business name and it will check the database if there are enterprises already using that trade name. A word of advice: donâ€™t just try to check the business name you are aiming for once. Try to modify your search to save time later on. For example, if you are thinking of putting up a business called â€œJuan dela Cruz Services,â€ modify your search and break down every part of the business name from just â€œJuan delaâ€ to â€œCruz Services.â€ Some business names just differ in spacing or spelling. The DTI also reminds applicants to ensure that the business name isnâ€™t similar to an existing trade name or trademark, such as â€œAnne Dokâ€™s Lechon,â€ â€œJolibeeâ€ and "Starbax CafÃ©.â€ On the other hand, names that are too generic, such as â€œThe Coffee Shopâ€ for your cafÃ©, arenâ€™t permissible, too. Business owners also canâ€™t use the abbreviation of a government agency or international organization. Business name registration Once youâ€™ve verified that your prospective business name is still available for use, you can proceed to the business name application. Once in the page, you will be required to choose the geographic scope of the enterprise: national, regional, city or town, and barangay. If you are keen on operating a business that will reach clients in different parts of the countryâ€”for example, an online shopâ€”then itâ€™s best to register your scope as nationwide. The fees will vary depending on the scope, ranging from Php200 to Php2,000. Afterward, the business ownerâ€™s personal info will be required. You will only have to submit some basic details such as tax identification number, residence address and mobile number. By this time, youâ€™re done with the most tedious part of the online registration process. You may now choose whether to pay cash through either a local DTI office or Go Negosyo Center, or via an online payments system. The PBR only accepts two kinds of online payments: Bancnet and GCash. If you have an online account with any bank, then paying through Bancnet is advisable. Otherwise, a GCash account may be needed to complete the transaction. You also have the option whether to pick up your business certificate from a local DTI office or have it printed yourself. Once the payment is complete, a message will be sent to your e-mail on how you will retrieve the certificate based on the method you selected. Most likely, the whole process will only require 15 to 30 minutes of your time. Filed under the category of Filipinos, foreign businessmen, President Rodrigo Duterte, Ease of Doing Business and Efficient Government Service Delivery Act, business registration, entrepreneurs, application processes online Ads Sponsored Links The Department of Trade and Industry (DTI)â€™s business name registration for single proprietors is among the first processes to become digitized. The Philippine Business Registry (PBR), DTIâ€™s business name registration system, has been made more accessible for single business owners since 2012. A prospective entrepreneur is not anymore required to visit DTI offices to secure a Certificate of Business Registration. With the PBR website, the certificate can even be printed in the comfort of their own home. Here are the steps you have to take to secure that certificate. Check the availability of a business name Before starting the registration process, it helps to check if the business name you have in mind is still available to use. At the PBR, one can easily type in the prospective business name and it will check the database if there are enterprises already using that trade name. A word of advice: donâ€™t just try to check the business name you are aiming for once. Try to modify your search to save time later on. For example, if you are thinking of putting up a business called â€œJuan dela Cruz Services,â€ modify your search and break down every part of the business name from just â€œJuan delaâ€ to â€œCruz Services.â€ Some business names just differ in spacing or spelling. The DTI also reminds applicants to ensure that the business name isnâ€™t similar to an existing trade name or trademark, such as â€œAnne Dokâ€™s Lechon,â€ â€œJolibeeâ€ and "Starbax CafÃ©.â€ On the other hand, names that are too generic, such as â€œThe Coffee Shopâ€ for your cafÃ©, arenâ€™t permissible, too. Business owners also canâ€™t use the abbreviation of a government agency or international organization. Business name registration Once youâ€™ve verified that your prospective business name is still available for use, you can proceed to the business name application. Once in the page, you will be required to choose the geographic scope of the enterprise: national, regional, city or town, and barangay. If you are keen on operating a business that will reach clients in different parts of the countryâ€”for example, an online shopâ€”then itâ€™s best to register your scope as nationwide. The fees will vary depending on the scope, ranging from Php200 to Php2,000. Afterward, the business ownerâ€™s personal info will be required. You will only have to submit some basic details such as tax identification number, residence address and mobile number. By this time, youâ€™re done with the most tedious part of the online registration process. You may now choose whether to pay cash through either a local DTI office or Go Negosyo Center, or via an online payments system. The PBR only accepts two kinds of online payments: Bancnet and GCash. If you have an online account with any bank, then paying through Bancnet is advisable. Otherwise, a GCash account may be needed to complete the transaction. You also have the option whether to pick up your business certificate from a local DTI office or have it printed yourself. Once the payment is complete, a message will be sent to your e-mail on how you will retrieve the certificate based on the method you selected. Most likely, the whole process will only require 15 to 30 minutes of your time. Filed under the category of Filipinos, foreign businessmen, President Rodrigo Duterte, Ease of Doing Business and Efficient Government Service Delivery Act, business registration, entrepreneurs, application processes online Ads Update: The DTI online business registration is temporarily suspended due to systems upgrade and will notify the public when it is ready. The business owners are advised to proceed to the nearest DTI offices near your area. To download the application form for business registration, you may visit the DTI official website.

The Social Security System (SSS) has announced the new batch of loan condonation program or the loan restructuring program (LRP) whereas the members with delinquent status in paying their previous loan in a period of more than 6 months will be allowed to settle their accounts without paying any penalty. Overseas Filipino workers (OFWs) in the United Arab Emirates (UAE)who currently has current unpaid loans are urged to apply for the LRP until October 1. Ads Sponsored Links SSS continues to encourage its members, including OFWs, to apply for loan restructuring program with penalty condonation especially OFWs who have short-term member loans including calamity, salary, educational, and emergency loans. Under the program, members will no longer pay the additional penalties for the unsettled loans. Members only need to pay for the annual interest alongside the principal loan. Payments can be done in whole or on a monthly basis as long as the payment terms will not exceed 5 years. OFWs can apply for LRP in two ways: 1. If you are currently in the UAE, you can visit the SSS office located at the Philippine Consulate in Dubai and the Philippine Embassy in Abu Dhabi. 2. OFWs can also delegate their application to their authorized representative. Give them an authorization letter to process the application through the SSS office in the Philippines. You can download the application form at the SSS official website. Ads Filed under the category of Social Security System , SSS, loan restructuring program, loan condonation program, Overseas Filipino workers, United Arab Emirates , loans

Being considered as modern-day heroes, government offices, as well as some private establishment, give different perks and privileges to overseas Filipino workers (OFW). Aside from the sacrifices they had to go through just to earn better by working abroad, OFWs are the breadwinners of their families back home and the major contributor to keep the Philippine economy afloat by sending their remittances. they deserve to be rewarded by these kinds of privileges. Ads Sponsored Links Exemption on Fees ItÃ¢â‚¬â„¢s all because of the Overseas Employment Certificate or OEC. Being an OFW, specifically, a legitimate one means you will be exempted from various fees like airport terminal fee, travel tax, and documentary stamp tax. Tax-Free Shopping at Duty-Free If you want to do some additional shopping before heading home, then the Duty-Free Philippines can be your partner. You can enjoy tax-free shopping within 15 days from the time you arrived so you can give pasalubong to your family, relatives, and friends. Housing Loan from SSS or PAG-IBIG Are you thinking of buying a house or giving your existing home a much-needed renovation? SSS or PAG-IBIG can help you on this since they offer housing facilities at lower rates compared to banks and other lending institutions. SSS offers Direct Housing Facility Loan for OFWs where you can loan for as much as P2 million and payable up to 15 years maximum. On the other hand, PAG-IBIG also offers a housing loan facility for OFWs where you can borrow as much as P6 million. Free Language Courses at TESDA Yes, you read that right. TESDA Language Skills Institute offers free language training for Spanish, English, Japanese, Mandarin, and Arabic to help Filipinos become more equipped in terms of language. This will come in handy when you are headed to any of the countries that speak any of these languages as well as an advantage on your part as OFW. If you plan to enroll, then make sure you register early because slots are limited. Nonetheless, OFWs are given priority, but itÃ¢â‚¬â„¢s best to reserve your slot early. You can check TESDA website for further details about this program. OWWA Benefits The Overseas Workers Welfare Administration or OWWA is the agency that protects and promotes the welfare of OFWs and their dependents. In line with this, several benefits are being offered by the agency such as onsite assistance, livelihood trainings, education assistance for dependents, counseling, and legal assistance among others. DFA Courtesy Lanes With the recent opening of passport renewal slots (86,889 New Slots in September!), you can now apply for your passport related concern without hassle. OFWs are given access to DFA Courtesy Lanes. You donÃ¢â‚¬â„¢t need to even schedule an appointment online. No OFWs will miss a job just because of delays in Passport Application. How good is that? Low interest loans There are loan programs from the banks that are tailored for OFWs and they are giving it for very low-interest rates and flexible tenures. Flexible Investment scheme from SSS SSS provides a program they called SSS Flexi-fund where OFWs can invest their excess contributions to earn dividends and they can withdraw it anytime they wish or when they finally decided to stay home for good. Ads Filed under the category of modern-day heroes, overseas Filipino workers, working abroad, OFW remittances

Food, shelter, and clothing are the basic necessities of human lives. We can choose our lifestyle whatever we want like living in a simple yet safe home and wearing modest low-end clothing to save but the rising cost of food is a serious matter and we need to do something about it. Imagine that you are earning just enough to pay your bills, mortgages and other household expenses and your company seldom give you a raise in your salary. Even the families of overseas Filipino workers (OFW) are finding it difficult to budget the remittances they receive due to inflation. Everything has increased its prices and you need to catch up. Ads Sponsored Links Here are some practical tips to save money on food items. Make A Shopping List And Stick to It Planning your meals for the week and carefully selecting specific ingredients to buy can save a lot out of your food budget. With the list on hand, purchase only the items you need to buy and avoid impulse buys. Eat Before You Shop When you are hungry and you walk into a building full of food, it is more likely that you are going to grab unnecessary and expensive items that appeal more to your palate than your pocket. It is highly advised that you eat first and shop. Avoid Fastfoods Ready-made meals are easy to buy but come with a cost. Instead of eating in fast food or restaurant, buy the ingredients and do it at home preparing the meal yourself. It could save you a lot and still keep the leftovers for the next meal. Do Not bring Your Kids While Shopping Every extra minute that you spend in the store increases the chances of you buying more and this includes toys and snacks meant to keep the kids behave while you try to focus on your hunt for a good bargain. Do not bring your kids with you while shopping to save time and money. Buy in Bulk Buying in bigger packaging can save you a lot. You can usually find great deals in buying a larger packaging. However, pay attention to your spending habits and consider your storage capacity. Use Store Reward Cards And Coupons Coupons provide an easy way to save money. There is no harm in clipping them and using them in purchasing foods, helping you save on your food shopping cost. Buy locally produced foods Locally grown or produced food is cheaper because you don't pay for long transportation costs. You also help local farmers and food producers meet their daily needs as well. Compare Store Prices; Grab the cheapest Have an assessment of which stores offers lower prices for particular food items and buy it from them. Some grocery stores have special prices for a specific item and they are not often applicable to other stores. Be aware of the price tags and grab it where it cost the lowest. Look Down at the lower shelf Most expensive items are usually displayed at eye-level. To find less expensive items, look down. Avoid the Checkout Temptations Beware of the displays placed at the end of each aisle. They often feature premium brands and they are placed there for a purpose. Shop for Sales Pay attention to sales on necessity items and stock up on non-perishables and freezer goods. Be mindful of the expiration date because most of the sale items are often near expiration dates. Ads Shop Infrequently Reducing the number of trips that you make to the store each week or month reduces the chances of unnecessary purchases and minimizes the amount of transportation cost spent getting there. Pay in Cash Avoid using your credit card in purchasing food. If you don't pay off the card in full each month, you pay interest on the purchase. To avoid paying the extra cost, use cash when you shop. Check Your Bill Electronic scanners make the shopping experience faster and more convenient, however, scanners aren't foolproof. Take a look at the receipt to make sure your coupons and discounts were accurate. In addition to this, try planting edible plants and vegetables and use it to save on your next food purchase. Having an organic vegetable garden in your yard lets you eat your favorite veggise for free.

Our country is now experiencing high inflation rate like its neighboring countries. The only thing is that, while other countries in the region like India, Malaysia, Thailand, Indonesia, etc., seems to recuperate with high inflation rates, we are just started to hit the peak. The high inflation rate is so evident that even the families of overseas Filipino workers (OFW) who used to catch up with their expenses using the remittances sent by the OFWs to pay their bills, mortgages etc., are now complaining of budget shortage due to high prices of food items, transportation, and basic commodities. Recruitment and migration expert Emmanuel Geslani even advised the OFWs to send at least 20% more remittances in order for their families to cope up as the prices soar high. Could it really help? How do we beat the high prices brought about by the inflation? Ads Sponsored Links As we are all affected by high prices, there is a need for a concerted effort by all sectors to work together to beat inflation. This is not the challenge for the government alone. The private sector, media, and consumers alike must also pitch in. Expectations can only be calmed by a perspective view that this condition is temporary. Keep a record of your spendings Tracking your expenses by keeping a record and listing down your purchases. It will allow you to determine your average spendings. You can compare them and find out which will be your basis of a monthly allowance. Check out which month you spent the least and make it a reference for your preceding monthly budget plan. Have a contingency budget of at least 10% every payday Set aside at least 10% from your monthly take-home pay for emergency purposes. Financial emergencies are inevitable and it is important that we are ready. Watch your lifestyle We often hear that we should not spend more than what we earn. Buying things that you need must be a priority over the things that you want. Exercise frugality Saving for the future benefit none other than yourself. The money you save today could save your life in the future. Everyone will come to their retirement but some of them will not retire well. Spending your money like there will be no tomorrow will render you broke on your retirement. As the inflation rate soar, buy only where you can save a lot like on sale items. Keep your spending for needs only Shopping for things you want but you don't really need could make the effect of the high inflation even worse. Look for extra income Even if you have a pretty decent take-home pay, having a side hustle will be a great help during this time where the prices of almost everything are rising. Having an extra income could help you beat the effects of the high inflation rate. Invest The best way to save is not by putting your money in the bank but to find a profitable investment to make your money grow. Over the years, with the right investments, your money will grow rapidly compared with just putting it into a savings deposit. However, be careful where you invest. Make sure you are putting your hard-earned money to legitimate investments. Filed under the category of high inflation rate, India, Malaysia, Thailand, Indonesia, OFW, mortgages, transportation, Recruitment, migration. Ads

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Tuesday, August 14, 2018

Tired Of Being A DH Abroad? Here's What You Can Do

Working overseas is not forever. Overseas Filipino workers (OFWs) especially those who are working as household service workers (HSW) who are most vulnerable to abuses and maltreatment. Planning ahead to stay home for good is very important especially when you are tired of doing such work for a very long time.

Finding out the best livelihood alternative where you can get the finances to sustain the needs of your family depends on your passion. If you love to cook and you do it very well, it is best to put up a business venture related to the food business. If you are fond of creating different accessories, you can start doing your own designs and sell it to your friends or post it online for a wider market.

The key is to be determined and not to be discouraged if you want to start a business especially if you already saved some amount for it. There are also other sources if you want to loan fund for your business. OWWA is offering training and financial assistance for returning OFWs. You can also learn baking and commercial cooking through TESDA for free.

To further give you an idea of what could be the business or livelihood that you want to start should you decide to stay home for good, we provided you with some possible business to start with.

Learn to prepare and cook different kinds of delicacies

People love to eat and the best part about selling food items is that you could already see your profit at the end of the day. You can start in a small capital and roll the profit over as your business grows.

Learn to prepare and cook processed meats and other dishes

Processed meats and ready to cook foods are very in demand in our busy community. Most of our neighbors are workers and students who don't have enough time to cook for themselves but they definitely need to eat. In those instances, they will find fast to prepare foods or ready to eat meals.

Put up a variety store

Putting up a variety or sari-sari store is a good idea to meet the financial needs of your family. It doesn't need to be big at the initial opening. You could start selling a little bit of each item that is needed in everyday life of the consumers. You could start in small quantities and add up as your store grow.

Start an e-loading business
Everyone in the country has a mobile phone and an e-loading shop could be a hit even at your own home.

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Open An Online Store

Are you creative? If you are fond of making your own handcrafted jewelry, or accessories made from different materials and you can seel it online. If you are good at selling, you can as well outsource the items and sell it online for a profit.

Manage A Food Cart Business

If you have saved enough, there are cheap food cart franchising that may suit your passion. If you don't have enough capital, you can use a loan from the government through OWWA or from private lenders that offer a very low interest rate. It is also a plus factor if you try placing your food cart near schools, in a mall, beside a grocery store, transport terminals and other parking lots with high foot traffic.

The possibilities are endless. For more ideas, you can also watch this video.

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Filed under Working overseas, Overseas Filipino workers, household service workers, abuses, maltreatment, livelihood, food business, start a business, loan, OWWA, TESDA

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